Connect with us

Telecom

Software, Services Revenue Boosts BlackBerry Financial Results

Published

on

Blackbery logo.jpg
Kindly share this post

 
‎BlackBerry has issued an update on its third quarter fiscal 2016 results, with impressive growth in its software and services revenue.

According to the hardware and software giant, non-GAAP total revenue of $557 million, up 14 percent over Q2 FY16, while non-GAAP software and services revenue of $162 million, up 183 percent year over year and up 119 percent quarter over quarter.

Its adjusted EBITDA stands at $114 million.

Cash and investments balance of $2.71 billion at the end of the fiscal quarter, including the impact of the recent acquisitions of AtHoc and Good Technology.

But it also recorded $0.03 on-GAAP loss per share.

During the quarter, BlackBerry completed the acquisitions of AtHoc and Good Technology and launched the PRIV in November, the only smartphone that combines BlackBerry-level security with the Google Play App Store’s 1.6 million apps.

The Company also confirmed plans to release OS version 10.3.3 on BlackBerry 10 to support NIAP certification.

John Chen, BlackBerry Executive Chairman and Chief Executive Officer, while making remarks on the Quarter said,  “I am pleased with our continued progress on BlackBerry’s strategic priorities, leading to 14 percent sequential growth in total revenue for Q3.

‘We delivered accelerating growth in enterprise software and higher revenue across all of our areas of focus. Our new PRIV device has been well received since its launch in November, and we are expanding distribution to additional carriers around the world in the next several quarters.

‘BlackBerry has a solid financial foundation, and we are executing well. To sustain our current direction, we are stepping up investments to drive continued software growth and the additional PRIV launches. I anticipate this will result in sequential revenue growth in our software, hardware and messaging businesses in Q4.”

Anchor Telecoms Rolls Out Drums to Celebrate 10th Anniversary
 ‎
By peter ugwu

Anchor Telecoms, one of Nigeria’s innovative telecommunication companies with expertise in the provision of network design and optimizations prides itself as being successful after 10 years of launching cutting edge solutions that have been able to address critical  issues of infrastructural development in the ICT industry.

Tony Emoekpere, managing director and Chief Executive Officer of Anchor Telecoms, Anchor Telecoms, made remark at the weekend, in Lagos when the IT infrastructure service provider rolled out the drums to celebrate its 10th anniversary.

Emoekpere said despite some challenges, the company has been able to stand the test of time in providing excellent service, especially in the areas of site construction, network implementation services and network maintenance services in the last 10 years.

“It has been an interesting journey in the last 10 years for a company that started with three staff, and has grown to become a company with about 80 staff in different countries, including Ghana, Gabon and Cameroun. I am fulfilled and proud today because 10 years have gone and we are still standing. A lot of companies started same time with us, but have gone,” he said on the sidelines of the celebration that attracted the company’s clients, family and friends.

He explained that Anchor Telecoms has been able to leverage on its expertise from site construction to providing a lot of engineering services, ranging from fibre optic, Microwave, BTS and a whole lot of infrastructure services. “We have covered the whole country by delivering services that have grown Anchor Telecoms from a one service company to a company that is now providing other services. That’s our biggest achievement so far.”

He added that Anchor Telecoms is looking forward at achieving two basic things in the next five years; to grow its reach in Africa to countries like Benin, Guinea Conakry.

Secondly, to provide services like broadband that can be directed at the consumer, thus, it has recently acquired an ISP license to explore the nation’s data market.

When asked to access the ICT industry in 2015, Emoekpere said in his view, the telecommunications infrastructure space, where Anchor Telecoms plays experienced some changes with regard to ownership of infrastructure.

The MD/CEO extolled the approach of  telcos that handed their infrastructures to companies that are now offering them back on a lease arrangement.

He said this action will further deepen infrastructure in the country and ultimately make telecom operators to focus on marketing their services and improving quality of service.

“You recalled that the telecom operators have been rolling out infrastructures to suite their own needs, but when the infrastructure space is liberalized, it will allow for a deeper penetration of services because more people can now ride on these infrastructure as against when they are kept primarily for the use of a particular operator,” he stressed.


Kindly share this post

Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

Continue Reading
Advertisement
Comments

Telecom

Why Nigeria Must Embrace .ng Now – NiRA Reveals Five Critical Steps

Published

on

Kindly share this post

Nigeria Internet Registration Association (NiRA) has outlined five strategic pathways to accelerate the adoption of the .ng domain and position it as a critical driver of Nigeria’s digital economy.

Why Nigeria Must Embrace .ng Now - NiRA Reveals Five Critical Steps

NiRA

Oluwaseyi Onasanya, Chief Operating Officer of NiRA, presented the framework at a Media Advocacy and Capacity Building Workshop held on April 16.

Onasanya described the .ng domain as a key component of Nigeria’s digital sovereignty, noting that the country has about 65 per cent internet penetration and over 35.6 million Micro, Small and Medium Enterprises (MSMEs) contributing nearly 48 per cent to the Gross Domestic Product (GDP).

She said the first pathway involves mandating the use of .ng domains across all Ministries, Departments and Agencies (MDAs), as well as subnational entities, government vendors and tax remitters.

According to her, this would ensure that all official digital communications with government institutions are conducted through .ng platforms, while also linking domain usage to Corporate Affairs Commission (CAC) registration and procurement processes.

The second strategy focuses on a nationwide awareness campaign tagged “Own Your .ng, Own Your Future,” aimed at promoting the domain as a symbol of national identity, trust and economic value.

Onasanya said the third pathway calls for leadership from the private sector, urging banks, telecommunications companies, startups and SMEs to adopt .ng domains and integrate them into onboarding processes.

She added that the fourth strategy seeks to position .ng as a secure and regulated alternative to foreign domains, enhancing consumer confidence, improving local search visibility and strengthening jurisdictional control.

The fifth pathway centres on expanding the digital ecosystem by strengthening registrar networks, simplifying user experience and integrating .ng domains into internet service providers, digital platforms and national performance metrics.

Onasanya warned that Nigeria’s domain adoption rate remains low compared to global peers, noting that the country has approximately one domain per 855 citizens, far behind countries like Germany, the United Kingdom and China.

She cautioned that low adoption could lead to capital flight, as businesses continue to rely on foreign domain platforms in an increasingly digital global economy.

She also called on the media to drive awareness, shape public perception and promote adoption by highlighting the economic value of .ng domains across sectors.

“Without media, .ng stays technical. With media, it becomes economic,” he said.

NiRA said that over 240,000 .ng domains have been registered so far, with projections indicating continued growth as Nigeria targets a $1 trillion economy by 2030.


Kindly share this post
Continue Reading

Telecom

Tech Shake-Up: Snap Cuts Hundreds as AI Drives Efficiency Push

Published

on

Kindly share this post

Snap Inc., the parent company of Snapchat, has announced the layoff of about 1,000 employees as part of efforts to improve efficiency through artificial intelligence.

Snap Cuts 1,000 Jobs, Cites AI-Driven Efficiency Push

Evan Spiegel, chief executive officer, disclosed this in a memo on Wednesday, noting that the cuts represent about 16 per cent of the company’s full-time workforce and include the elimination of more than 300 unfilled roles.

Spiegel said advancements in artificial intelligence were enabling teams to reduce repetitive tasks, increase productivity and accelerate project execution.

“We believe that rapid advancements in artificial intelligence enable our teams to reduce repetitive work, increase velocity and better support our community, partners and advertisers,” he said.

He added that smaller teams using AI tools had already delivered meaningful progress across key initiatives.

The California-based firm said the restructuring would help cut over $500 million in annual costs by the second half of the year, providing a clearer path to profitability.

Spiegel described the decision as difficult, expressing regret over the impact on affected employees.

“This is an incredibly difficult decision, and I am deeply sorry to the colleagues who will be leaving us,” he said.

Snap joins a growing number of technology companies downsizing their workforce while citing productivity gains from artificial intelligence.

The company has undergone multiple rounds of layoffs in recent years amid stiff competition from rivals such as Instagram, TikTok and YouTube.

Meanwhile, activist investor Irenic Capital Management recently disclosed a 2.5 per cent stake in Snap, calling for cost-cutting measures, including a review of its Spectacles smart glasses unit.

Shares of Snap rose by more than 7.5 per cent following the announcement, although the stock remains down compared to earlier in the year.

Data from Layoffs.fyi shows that more than 72,000 employees have been laid off by nearly 90 tech companies globally so far in 2026.


Kindly share this post
Continue Reading

Telecom

NBC Warns Broadcasters Against Bullying Guests, Passing Opinions as Facts

Published

on

Kindly share this post

National Broadcasting Commission (NBC) has cautioned broadcast presenters against bullying guests during live interviews or presenting personal opinions as facts, warning that such actions will attract sanctions.

NBC Warns Broadcasters Against Bullying Guests, Passing Opinions as Facts

NBC

In a statement issued on Friday, the commission said it had observed a rise in violations of the sixth edition of the Nigeria Broadcasting Code across news, current affairs and political programmes.

“Broadcast platforms are increasingly being deployed in ways that depart from their core obligation to inform the public with accuracy, balance and professionalism,” the NBC said.

The commission noted that some anchors and presenters were deviating from professional standards by denying fair hearing to opposing views and compromising neutrality during broadcasts.

It stressed that such conduct violates provisions of the broadcasting code, which require impartiality and fair representation of all sides on issues of public interest.

“Henceforth, any anchor or presenter found to have expressed personal opinion as fact, bullied or intimidated a guest, denied fair hearing to opposing views, or otherwise compromised neutrality, shall be deemed to have committed a Class B breach,” the statement added.

The NBC also raised concerns over the growing use of broadcast platforms by political actors to promote divisive, inflammatory and unverified content.

It emphasised that broadcasters bear full editorial responsibility for all material aired, including live programmes, and cannot transfer that responsibility to guests.

The commission reiterated its commitment to enforcing strict compliance with the broadcasting code, warning that violations involving hate speech, incitement and imbalance would attract appropriate sanctions.


Kindly share this post
Continue Reading

Trending